USD Index Price Analysis: The 102.00 Region Holds The Downside… For Now

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  • DXY remains under pressure, albeit off earlier lows in the sub-102.00 zone.
  • Below the 102.00 region, the index could retest the 2023 low.

DXY retreats for the sixth consecutive session and keeps navigating the multi-week zone in the low-102.00s.

The bearish mood appears unabated for the time being. Against that, the breach of the March low at 101.91 (March 23) should put a potential test of the 2023 low near 100.82 (February 2) back on the investors’ radar.

Looking at the broader picture, while below the 200-day SMA, today at 106.60, the outlook for the index is expected to remain negative.

DXY daily chart

(Click on image to enlarge)

Dollar Index Spot

Today last price 102.25
Today Daily Change 58
Today Daily Change % -0.31
Today daily open 102.57
Daily SMA20 104.41
Daily SMA50 103.43
Daily SMA100 104.26
Daily SMA200 106.8
Previous Daily High 103.26
Previous Daily Low 102.05
Previous Weekly High 105.11
Previous Weekly Low 103.44
Previous Monthly High 105.36
Previous Monthly Low 100.81
Daily Fibonacci 38.2% 102.52
Daily Fibonacci 61.8% 102.8
Daily Pivot Point S1 101.99
Daily Pivot Point S2 101.42
Daily Pivot Point S3 100.78
Daily Pivot Point R1 103.2
Daily Pivot Point R2 103.84
Daily Pivot Point R3 104.41

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Disclosure: Information on this article contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes ...

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